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Intraday Tips for Tomorrow- Nifty Technical Outlook Tuesday 24 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 23, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    Due to investors weak sentiments amid expectations of further rise in interest rates, The NSE benchmark index closed below crucial 5400 Mark. The S&P CNX Nifty ended at 5386.55, down -99.80 points or 1.82 %.
    The Nifty futures closed and settled finally at 5382, up by -102.60 points or 1.87 %. It is looking bearish in the coming trading session if it manages to trade support level of 5350 else above resistance level of 5440 it would be in an upward trend.
    It has resistance close to the level of 5440 & above this level the next resistance near the 5540 mark. It has support close to the level of....read more

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